DigitalOcean (DOCN) Reports In-Line Q2; Guides Below Views

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Go back to DigitalOcean (DOCN) Reports In-Line Q2; Guides Below Views

DigitalOcean Announces Second Quarter 2023 Financial Results

August 3, 2023 4:04 PM EDT

Revenue grew 27% to $170 million

Loss from Operations was $1.5 million and Adjusted EBITDA was $72 million

 $64 million of Operating Cash Flow and $45 million of Adjusted Free Cash Flow

NEW YORK--(BUSINESS WIRE)-- DigitalOcean Holdings, Inc. (NYSE: DOCN), the cloud for startups and SMBs, today announced results for its second quarter ended June 30, 2023.

We made good progress in the quarter, accelerating our profitability margins towards our long-term targets while delivering solid revenue growth, said Yancey Spruill, CEO of DigitalOcean. Our ability to... More